FAT Brands Acquires Fazoli's from Sentinel Capital Partners

FAT Brands Acquires Twin Peaks for $300 Million

September 1, 2021

Restaurants & Hospitality

FAT Brands Inc. agreed to acquire Twin Peaks, a sports-lodge casual dining chain, from Garnett Station Partners for $300 million. The deal, funded with proceeds from a $250 million securitized debt financing and issuance of Series B preferred stock, expands FAT Brands into the polished casual dining / sports-lodge segment and adds 82 locations (with more in development).

Bain Capital Private Equity to Acquire FIS – Fabbrica Italiana Sintetici

July 7, 2023

Pharmaceuticals

Bain Capital Private Equity has reached binding agreements to acquire the Ferrari family’s shareholding in FIS – Fabbrica Italiana Sintetici S.p.A. The purchase transfers ownership from Nine Trees Group (NTG) and the Ferrari Family to Bain Capital, positioning FIS to pursue further international growth and capacity expansion in API development and manufacturing.

FAT Brands Acquires Smokey Bones Bar & Fire Grill

September 25, 2023

Restaurants & Hospitality

FAT Brands Inc. has acquired the Smokey Bones Bar & Fire Grill restaurant chain from an affiliate of Sun Capital Partners for $30 million. The purchase adds 61 corporate Smokey Bones locations across 16 states, is expected to increase adjusted EBITDA by about $10 million, and expands FAT Brands' polished dining portfolio.

Benford Capital Partners Acquires Turri's Italian Foods

August 5, 2024

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has acquired Turri's Italian Foods, a Michigan-based maker of IQF (individually quick frozen) pasta and rice. The Turri family will remain in leadership, and Benford plans to invest in production capacity and capabilities while pursuing add-on acquisitions to grow the business.

US Foods Acquires Renzi Foodservice

May 19, 2023

Food & Beverage

US Foods Holding Corp. acquired Renzi Foodservice, a family-owned broadline foodservice distributor based in Watertown, New York, expanding US Foods' presence into central upstate New York. Renzi operates a 110,000 square-foot facility, generates about $180 million in annual revenue and serves more than 2,300 customers; the deal (terms undisclosed) was announced in May 2023 and completed in July 2023.

Sofina Foods Acquires Eight Fifty Food Group from CapVest

March 29, 2021

Food & Beverage

Sofina Foods Inc. has agreed to acquire Eight Fifty Food Group from funds managed by CapVest Partners LLP and Eight Fifty management for an undisclosed sum. The deal creates a combined global multi-protein business with over 13,000 employees across 44 sites and nearly $6 billion in annual revenue; the transaction is subject to regulatory approval.